Principles Of Microeconomics, 5Th Ed

0.0

This book presents modern economics in an intuitive, relevant and memorable way addressing the needs of students who have had no prior exposure to the subject. The world economy has changed radically over the recent years. The book gives these changes a prominent, clearly explained place within the basic tradition of economics upon which they stand. Enrichment with Indian content at appropriate places enhances the value of this world-class book for Indian students. The concept of Glocal Text Series is adaptation throughout the textand no piecemeal effort. About The Author John B. Taylor began his career at Princeton where he graduated with highest honors in economics. He then received his Ph.D. from Stanford and taught at Columbia, Yale, and Princeton before returning to Stanford. He is widely recognized for his research on the foundations of modern monetary theory and policy. As the Raymond Professor of Economics at Stanford University, his distinctive instructional methods have made him a legend among introductory economics students and have won him both the Hoagland and Rhodes prizes for teaching excellence. Mrs.Ritika Gugnani (Indian Adaptor) has 8 years of teaching experience in various Management Institutes of Delhi and Kurukshetra University. Presently, she is working as faculty member with Jaipuria Institute of Management Noida and was till quite recently Assistant Professor of Economics at NDIM, New Delhi. She has organized various Seminars and Workshops. She has also presented various papers in conferences related to Managerial Economics, International Economics, Foreign Trade, and Business Ethics etc. She has also authored a book on Values & Ethics in Business. Table Of Contents Part I Introduction To Economics The Central Idea Observing and Explaining the Economy 2A. Appendix to Chapter 2, Reading, Understanding, and Creating Graphs The Supply and Demand Model Elasticity and Its Uses Part II Principles Of Microeconomics The Demand Curve and the Behavior of Consumers 5A. Appendix to Chapter 5, Consumer Theory with Indifference Curves The Supply Curve and the Behavior of Firms The Interaction of People in Markets Part III The Economics Of The Firm Costs and the Changes at Firms over Time The Rise and Fall of Industries Monopoly Product Differentiation, Monopolistic Competition, and Oligopoly Antitrust Policy and Regulation Part IV Markets, Income Distribution, and Public Goods 13. Labor Markets Taxes, Transfers, and Income Distribution Public Goods, Externalities, and Government Behavior Physical Capital and Financial Markets Appendix to Chapter 16, Present Discounted Value Part V Trade and Global Markets The Gains from International Trade International Trade Policy Transition Economie